OTR Global downgraded Caterpillar Inc. (NYSE:CAT) to Mixed in a report released today.
- Updated: September 19, 2016
OTR Global has downgraded Caterpillar Inc.(NYSE:CAT) to Mixed in a statement released on 9/19/2016.
Previously on 9/19/2016, Vetr Inc. released a statement about Caterpillar Inc.(NYSE:CAT) upped the target price from $0.00 to $85.19. At the time, this suggested an upside of 0.04%.
Showing a price of $82.05, Caterpillar Inc. (NYSE:CAT) traded 0.25% higher on the day. The last stock price close is up 7.11% relative to the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. The company has registered a 50-day average of $82.95 and 200-day average of $76.79. Trade volume was was down over the average, with 1,792,204 shares of CAT changing hands under the typical 4,331,230 shares.
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With a market cap of $0.0, Caterpillar Inc. has a PE of 55 with a 52 week low of $56.36 and a 52 week high of $84.73.
Also covering Caterpillar Inc.’s price target, a total of 18 brokerages have released a ratings update on Caterpillar Inc.. The one year target price is $67.56 with 0 rating the stock a strong buy, one firm rating the stock a buy, 16 firms rating the stock a hold, five analysts rating the company to underperform, and finally 0 firmsrating the company as sell.
More About Caterpillar Inc. (NYSE:CAT)
Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment. Its Construction Industries segment provides machinery for infrastructure and building construction applications. Its Resource Industries segment offers machinery for mine and quarry applications. Its Energy & Transportation segment offers reciprocating engines, generator sets, gas turbines and turbine-related services, and diesel-electric locomotives and other rail-related products and services. Its Financial Products segment conducts its business through Caterpillar Financial Services Corporation (Cat Financial). Cat Financial provides retail and wholesale financing alternatives for Caterpillar products.
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